1,685 Invesco QQQ $QQQ Shares Sold by D Orazio & Associates Inc.

D Orazio & Associates Inc. trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,551 shares of the exchange traded fund’s stock after selling 1,685 shares during the period. Invesco QQQ comprises about 2.5% of D Orazio & Associates Inc.’s portfolio, making the stock its 11th largest holding. D Orazio & Associates Inc.’s holdings in Invesco QQQ were worth $22,601,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. Dixon Fnancial Services Inc. boosted its position in shares of Invesco QQQ by 119.9% during the 3rd quarter. Dixon Fnancial Services Inc. now owns 1,834 shares of the exchange traded fund’s stock valued at $1,357,000 after acquiring an additional 1,000 shares during the last quarter. Ascension Capital Advisors Inc. grew its holdings in shares of Invesco QQQ by 643.8% in the first quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund’s stock valued at $1,786,000 after purchasing an additional 2,678 shares during the period. Financial Insights Inc. increased its position in Invesco QQQ by 6.8% during the second quarter. Financial Insights Inc. now owns 29,790 shares of the exchange traded fund’s stock worth $21,938,000 after purchasing an additional 1,901 shares during the last quarter. First Bancorp Inc ME acquired a new stake in Invesco QQQ during the second quarter worth about $677,000. Finally, RWQ Financial Management Services Inc. raised its stake in Invesco QQQ by 87.7% during the third quarter. RWQ Financial Management Services Inc. now owns 14,012 shares of the exchange traded fund’s stock worth $10,366,000 after purchasing an additional 6,547 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: The Nasdaq-100 had recently posted its strongest session since March, with chip stocks leading a broad rebound. That recovery offers support if buyers return, though it has not prevented the latest pullback. The Nasdaq-100 Just Had Its Best Day Since March Without Nvidia’s Help
• Neutral Sentiment: QQQ’s underlying index rallied in the prior session, but coverage cautioned that key technical levels will determine whether the move marks a durable rebound or a short-lived bounce. Invesco QQQ Trust ETF Is Falling Today — Here’s Why
• Negative Sentiment: U.S. equities fell after midday, weighing on broad-market ETFs and QQQ. Exchange-Traded Funds Lower as US Equities Decline After Midday
• Negative Sentiment: Hot October inflation and resilient employment data have prompted discussion of a possible December Fed rate hike. Higher-rate expectations can pressure growth and technology shares, which carry substantial weight in QQQ. Hot October CPI Prompts Chatter of a Jumbo December Fed Rate Hike

Invesco QQQ Stock Down 0.7%

Shares of QQQ stock opened at $674.76 on Wednesday. The firm’s 50-day moving average is $719.39 and its two-hundred day moving average is $680.92. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $762.86.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were issued a dividend of $0.7514 per share. The ex-dividend date was Monday, September 21st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.4%. This is a decrease from Invesco QQQ’s previous quarterly dividend of $0.8135.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.